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In the world of crypto, it's not how much invested it's all about at what time did you invest. If a person to invest in bullish market it's a high risk and to invest in bearish market there is always a chance to HODL or sell for loss. A simple time to time invest option would be a great idea under these circumstances. In Binance, they would have thought the same and provided with a function called autoinvest.
When I first saw this function I thought to myself I could do the same when ever I wanted to and how much I have. In reality it's quite opposite, the whirl of our emotions didn't get the best in the market. A simple hesitation and fear make us to not buy or buy at the wrong time. But with ability of Auto invest of binance, we can set the parameters like for which time period we can buy, at what cost to buy, which coins to select based on their succession.
At first the option to select from a list of tokens or coins based on the percentage of increase through out the year or lifetime is great and we can select upto 10 coins per portfolio. We can set a certain amount of usdt to invest from hourly, daily, weekly, dual weekly, monthly. We can assign at what percentage of the total amount should we invest in a certain coin, all the percentages to all the other coins or tokens should not exceed 100%.
In the beginning I thought to invest daily one dollar for ten coins, after 10 days of invest due to withdraw of my Usdt for other purposes I had to pause the autoinvest. After a week or two I noticed that the portfolio of 10 days of $10 increased with a percentage of around 15%. Even though it's not much but in tradings terms it's a good return. I'm not able to invest in it after that, as for now I'm investing in Hive to achieve my goal. For now I'm thinking to invest in some random alt coins and in time I tend to go for a 10 dollar per week invest in Binance auto invest.
This Binance Autoinvest function has one more facility I forget to add, which is after daily or weekly or whatever time periods of your investments, the coins or tokens will be saved under earn opportunity. Even those tiny investments are converted to staking in the earn section of Binance for flexible timings to withdraw. We will be earning in terms of if the prices go up or we will be earning from staking rewards. There are plenty of ways to invest in crypto platform, but I find this option of Binance quite good in terms of not involving our emotions to decide whether to sell or buy.
In these bearish market, most of the coins or tokens are now in their low price stages, these could be a great opportunity to invest daily or weekly might be a good idea. After all the next trend will be bullish, it could be another bearish trend no one knows for sure. We need to wait and see what would happen next.
For now my portfolio is just around $44 or $45 which mostly contains WRX and with a little bit of ICP, DOT, CAKE and a two dollars worth of ten coins which I executed for just one time from auto invest option. What do you think of this option my fellow Hiveans, tell me in the comment section.
